| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1230 E Tremont Ave, Bronx, NY, 10460, US |
| Region / Metro | Bronx |
| Year of Construction | 1932 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1230 E Tremont Ave Bronx Multifamily Investment
Renter demand is reinforced by a high-cost ownership market and dense neighborhood amenities, according to WDSuite’s CRE market data. Investors should expect steady leasing fundamentals with attention to affordability management and retention.
This Urban Core location sits slightly above the metro median among 889 New York–Jersey City–White Plains neighborhoods, supported by exceptional amenity access. Nationally, the area scores in the top percentiles for groceries, restaurants, parks, and pharmacies, which helps sustain daily convenience and resident stickiness for workforce-oriented assets.
Rents in the neighborhood track mid-range for the metro while occupancy is around typical levels, suggesting stable, needs-based tenancy rather than speculative lease-ups. The housing stock in the immediate area skews older, while the property’s 1995 vintage is newer than the neighborhood average (1940s), providing relative competitiveness versus legacy buildings and potential to command durable demand with selective modernization.
The renter-occupied share is high, indicating a deep tenant base for multifamily. Within a 3-mile radius, recent years show modest population softening but an increase in households and a projected rise ahead, pointing to smaller household sizes and a broader renter pool. These dynamics generally support occupancy stability while reinforcing the importance of unit mix and pricing discipline informed by multifamily property research.
Home values are elevated versus national benchmarks, which tends to sustain reliance on rental housing and can aid lease retention. School ratings trend below national averages, so the demand profile skews toward adults and families prioritizing commute convenience and services over school quality, a positioning consistent with urban Bronx renter demand.
Safety indicators for the neighborhood trend below national benchmarks, with the area performing around the metro midpoint among 889 neighborhoods. Recent year-over-year readings show slight easing in both property and violent offense rates, according to WDSuite’s data, but investors should underwrite with conservative assumptions and consider measures that enhance on-site security and resident experience.
Proximity to major Manhattan employers supports commuter demand and lease retention. Notable nearby corporate anchors include JetBlue, Disney ABC, Loews, Ralph Lauren, and Estée Lauder.
- JetBlue Airways — airline HQ (7.1 miles) — HQ
- Disney ABC Television Group — media offices (7.3 miles)
- Loews — diversified holdings HQ (7.3 miles) — HQ
- Ralph Lauren — apparel HQ (7.4 miles) — HQ
- Estée Lauder — beauty HQ (7.4 miles) — HQ
Built in 1995 with 60 units, the property offers a relatively newer vintage versus much of the surrounding housing stock, positioning it competitively against older assets while leaving room for targeted system updates or light value-add. Neighborhood occupancy sits near typical levels, and the high renter-occupied share signals depth of tenant demand. Elevated ownership costs locally tend to reinforce reliance on rentals, supporting steady absorption and retention.
Within a 3-mile radius, households have grown despite modest population slippage, and WDSuite’s outlook points to further household expansion alongside smaller average household sizes—generally favorable for the renter pool. Amenities and transit access typical of the Bronx Urban Core underpin day-to-day livability, while, according to CRE market data from WDSuite, below-average school ratings and affordability pressure suggest prudent lease management and expense control are important to protect cash flow.
- 1995 vintage competes well versus older local stock; selective upgrades can enhance positioning.
- High renter-occupied share supports a deep tenant base and occupancy stability.
- Elevated ownership costs in the Bronx bolster sustained rental demand and lease retention.
- Household growth within 3 miles and strong amenity access support steady leasing fundamentals.
- Risks: affordability pressure, below-average school ratings, and safety metrics warrant conservative underwriting and strong on-site operations.